Roth Capital Lowers F45 Training (NYSE:FXLV) to Neutral

F45 Training (NYSE:FXLVGet Rating) was downgraded by equities research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Briefing.com reports. They currently have a $8.00 target price on the stock, down from their previous target price of $18.00. Roth Capital’s price objective suggests a potential upside of 15.77% from the stock’s previous close.

A number of other research analysts have also commented on FXLV. Evercore ISI began coverage on F45 Training in a report on Monday, March 14th. They set a “hold” rating and a $15.00 price target for the company. Zacks Investment Research upgraded F45 Training from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Thursday, March 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $17.80.

FXLV opened at $6.91 on Tuesday. The business has a 50 day moving average price of $10.44 and a 200 day moving average price of $11.76. F45 Training has a twelve month low of $6.11 and a twelve month high of $17.75.

F45 Training (NYSE:FXLVGet Rating) last posted its earnings results on Monday, March 14th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $61.82 million during the quarter, compared to analyst estimates of $63.85 million. Equities analysts expect that F45 Training will post 0.78 earnings per share for the current year.

In related news, CFO Chris Payne sold 2,017 shares of F45 Training stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $13.01, for a total transaction of $26,241.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Wahlberg sold 71,900 shares of F45 Training stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $13.24, for a total transaction of $951,956.00. The disclosure for this sale can be found here. Insiders have sold a total of 720,806 shares of company stock valued at $8,268,397 over the last ninety days.

A number of hedge funds have recently made changes to their positions in FXLV. Caledonia Private Investments Pty Ltd bought a new position in F45 Training during the 3rd quarter valued at about $100,164,000. Bardin Hill Management Partners LP bought a new position in F45 Training during the 3rd quarter valued at about $48,851,000. Massachusetts Financial Services Co. MA bought a new position in F45 Training during the 3rd quarter valued at about $41,612,000. Citadel Advisors LLC bought a new position in F45 Training during the 3rd quarter valued at about $19,984,000. Finally, Grosvenor Holdings L.L.C. bought a new position in F45 Training during the 3rd quarter valued at about $31,922,000. 48.96% of the stock is owned by hedge funds and other institutional investors.

F45 Training Company Profile (Get Rating)

F45 Training Holdings Inc operates as a fitness franchisor. The company offers consumers functional 45-minute workouts that combine elements of high-intensity interval, circuit, and functional training. It provides workouts primarily through its digitally-connected network of studios. As of December 31, 2021, the company operated 1,749 total studios.

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